In brief

The centre-right government of Sebastián Piñera begins the second year of its four-year term in 2019. Signs of waning government support are beginning to show, amid fairly high unemployment and a wavering economic recovery. Growth will slow in 2019-20 as the external environment becomes less supportive, and Mr Piñera will look to bolster growth via economic reforms. However, Mr Piñera lacks a majority in Congress, meaning any legislation will require negotiation with the opposition to pass.